The prices of lead, zinc and copper showed the steepest declines on the London Metal Exchange at the close of trading on Tuesday March 16, with the US Dollar Index at its highest for a week at 91.91 and the market braced for a US Federal Reserve policy announcement on Wednesday.
"Market attention will turn to the US Federal Reserve's two-day policy meeting, which will conclude on March 17. The general market consensus going into the meeting was for the central bank to maintain its dovish stance, and the Fed is unlikely to 'rock the boat'," Fastmarkets analyst Andy Farida said.With expectations of inflation growing, the Federal Reserve could decide to raise interest rates earlier than expected, and this could prompt a sell-off in general equity markets, which could push base...